Thursday, March 19, 2015

[aaykarbhavan] Judgments and Information [3 Attachments]





PFA

Income derived from building was being applied for charitable purpose is to be clearly proved to avail building tax exemption- SC

by CA Sandeep Kanoi
 S.H. Medical Centre Hospital vs State of Kerala & ors (2014) 11 SCC 381 The Supreme Court was considering an issue as to whether income derived from a building can be said to be used for charitable purpose by running of a free medical aid to the needy and poor in the context of tax […]



PFA

Breach Candy Hospital Trust Vs. CCIT (2010) 192 TAXMAN 98 (Bom)

by CA Sandeep Kanoi
The Division Bench in the facts of the case had held that there was absence of any material to show that generally there was a profit in the hospital activities of the petitioner therein. In this context, it was held that it cannot be said that the petitioner did not exist solely for philanthropic purpose […]

PFA


Aditanar Educational Institution vs Addl.Commissioner of Income Tax (1997) 3 SCC 346

by CA Sandeep Kanoi
Dismissing the appeal filled by the Revenue and the cross appeal of the assessee, this Court HELD : 1.1. An educational society or Trust or other similar body running an educational institution solely for educational purposes and not for purposes of profits could be regarded as `other educational institution' coming within Section 10(22) of the […]



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Posted by: Dipakkumar Shah <cadjshah@yahoo.com>


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